Side-by-Side
For Sale
$349,900
Pending
141 York Avenue, Saint Paul, MN 55117
Residential Income, Saint Paul, MN
Property Size2,400 SF
Lot Size0.17 Acres
Days on Market48
Property Features for 141 York Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 6
Parking features
Other
Exterior features
Vinyl
Fencing
Chain Link
Subdivision
Edmund Rices Third, Addition T
High school district
St. Paul
Directions
From Cayuga exit off 35E, west on Cayuga, north on Agate, west on York to 141-143
Standard status
Pending
APN
302922420044
Size
2,400 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5432
Utilities
Heating system
Forced Air
Amenities
fenced private backyards
ample parking off the alley
Building Details
Year built
1900
Roof type
Shingle
Listing Agency:
CENTURY 21 MarketLink Realty · Century 21 Real Estate
(651) 894-1800
Listed By:
Kara J. Holt
(651) 894-1808
Added: Jul 23
Changed: Sep 2
Last Checked: Sep 8 at 10:06PM
MLS# 7115296
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot side-by-side duplex, built in 1900, includes two residential units with matching layouts. Each unit offers spacious main-level rooms, an eat-in kitchen with a walk-in pantry, and three upper-level bedrooms. Recent improvements include kitchen cabinetry, appliances, paint, and flooring. The property also provides unfinished basement areas, chain-link fencing, vinyl exterior siding, shingle roofing, and forced-air heat.
Set at 141 York Avenue in Saint Paul, the property occupies 0.172 acres on a short residential street. Both units have private fenced backyards, while parking is available behind the building from the alley. Bus service and freeway access are located nearby. The basements remain unfinished, providing additional interior space for future use subject to applicable requirements.
Set at 141 York Avenue in Saint Paul, the property occupies 0.172 acres on a short residential street. Both units have private fenced backyards, while parking is available behind the building from the alley. Bus service and freeway access are located nearby. The basements remain unfinished, providing additional interior space for future use subject to applicable requirements.
Key Highlights
- 2,400 square feet with two side‑by‑side units
- Each unit includes 3 bedrooms, an eat‑in kitchen, and a walk‑in pantry
- Kitchen cabinets, appliances, paint, and flooring have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,207
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,140
$644.1K
Cap Rate 7%
$460,100
$460.1K
Cap Rate 9%
$357,856
$357.9K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.5K $26.04/SF
− Vacancy
−$3.9K −$1.64/SF
EGI
$58.6K $24.40/SF
− OpEx
−$26.4K −$10.98/SF
NOI
$32.2K $13.42/SF
Area
Dakota County, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$644,140
Cap Rate 7%
$460,100
Cap Rate 9%
$357,856
Alternative Uses
Best Use
Multifamily LT 5
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 10.02%
Second Best
Apartment 5plus
$460.1K
$402.6K – $536.8K
NOI $32,207 @ 7.0% cap · market cap 9.20%
Theoretical Best
Healthcare Medical
$590.6K
$516.8K – $689.0K
NOI $41,342 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
817
Businesses Nearby
Explore this area
Business Placement
Demographics for 55117, MN
44,525
Population
17,784
Households
2.5
Avg Household Size
34
Median Age
33%
College-Educated
87%
High-School Grad
9.2 sq mi
ZIP Area
4,840
Density / Sq Mi
$71,784
Median Household Income
$43,366
Median Earnings
$1,178
Median Rent
$262,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property with private fenced yards, unfinished basements, and rear parking access.
Where is this duplex located?
The property is located at 141 York Avenue Saint Paul, MN.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 2,400 square feet with two side‑by‑side units; Each unit includes 3 bedrooms, an eat‑in kitchen, and a walk‑in pantry; Kitchen cabinets, appliances, paint, and flooring have been updated
